Massive flooding from storm surges is a major threat to lives and property in low-lying coastal areas during cyclones. Recent examples of devastating cyclone-induced storm surges include Haiyan 2013 (5.2m or 17 feet), Aila 2009 (4m/13ft), Ike 2008 (4.5m-6m/15-20 feet), Nargis 2008 (more than 3m/10ft), Sidr 2007 (4m /13ft), Katrina 2005 (7.6m-8.5m/25-28 feet). The impacts are particularly disastrous when storm surges strike densely populated coastal areas.
A growing number of students in South Asia and Sub-Saharan Africa are enrolled in private primary or secondary schools. The World Development Report 2018 (on which I was a co-author) highlighted an array of potential benefits and risks associated with broad provision of basic education by the private sector. “The key challenge for policy makers is to develop a policy and regulatory framework that ensures access for all children, protects families from exploitation, and establishes an environment that encourages education innovation. Managing a regulatory framework to achieve this is difficult: the same technical and political barriers that education systems face more generally come into play.”
“Test and punish”?
There’s a debate raging in American schools today: how (and how much) should children be tested?
The No Child Left Behind (NCLB) Act created a system where all children in all schools from grades 3 to 8 must be tested each year. Critics refer to this accountability architecture as “test and punish,” with stakes such as school funding (or closings!), bonuses for teachers, or grade promotion for students all riding on performance. There is evidence that NCLB improved learning outcomes, but improvements came at a high cost: In addition to teaching to the test, this approach can lead to a number of perverse incentives, like keeping weaker students at home on test day, narrowing the curriculum, or downright cheating. Worse, some have said they can serve to mask and contribute to the structural race and class inequalities in the United States.
The debate on whether the state should play an active role in broadening access to finance or not is one that has lingered for decades. A recent book (de la Torre, Gozzi, and Schmukler, 2017) argues that a new a view has gained traction and is worth considering.
The growing availability of satellite imagery and analysis means that all kinds of things we used to think were hard to quantify, especially in conflict zones, can now be measured systematically.
For example, estimating ISIS oil production. Soon after it proclaimed itself the Islamic State in Iraq and the Levant (a.k.a. ISIL/ISIS, the Islamic State, or Daesh, its Arabic acronym), the group was quickly branded the richest terrorist organization in history and oil was believed to be its major revenue source. A typical headline in Foreign Policy proclaimed “The Islamic State is the Newest Petrostate.”
Agriculture prices edged lower in the month, as raw materials declined, notably natural rubber, which tumbled 12 percent. Food and beverage prices changed little. Fertilizer prices climbed over 5 percent, helped by a 12 percent jump in urea.
Can government policies designed to promote financial inclusion encourage people to open an account at a bank or other financial institution?
The Annual Bank Conference on Development Economics (ABCDE), organized by the World Bank’s Development Economics (DEC) Vice Presidency, is one of the world's leading conference series promoting the exchange of innovate and leading research among researchers, policymakers, and development practitioners.
Oil prices are expected to rise to an average of $56 per barrel in the coming year from an average of $53/bbl in 2017 as a result of steadily growing demand, production cuts among oil exporters, and stabilizing U.S. shale oil production.